The fee should really move to 0.001 or 0.00001 per KB ASAP. After all, the price grew for least a hundredfold since the 0.01 fee was instated.

Having to pay $0.20 per KB is ridiculous. This is more expensive than other internet payment services instead of less!

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Whoever mandated the .01 transaction fee on a complete whim is a complete and utter moron. We need the fee lowered IMMEDIATELY.

0.3.22 is already out, cut the fee only in half and still enforces the .01 fee. Only 0.3.23 will then have the .005 fee (which is still too high imo.) which is scheduled "soon (TM)".

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The fee should really move to 0.001 or 0.00001 per KB ASAP. After all, the price grew for least a hundredfold since the 0.01 fee was instated.

Having to pay $0.20 per KB is ridiculous. This is more expensive than other internet payment services instead of less!

It's not that it's overpriced. It's that the fee isn't subject to market forces. That's the biggest crime.

I agree... we shouldn't have any of this anti-spam rules... it would be based upon what the market can sustain for fees. The market will quickly set the minimum fee, naturally... Of course... that would be the end of free transactions also... But when were transactions ever 'free'?

Whoever mandated the .01 transaction fee on a complete whim is a complete and utter moron. We need the fee lowered IMMEDIATELY.

Omg, run for the github repository, make a pull request, if you can't code, pay someone to do it, if you don't feel like it don't use this client.Either way the people who code the client don't owe you shit.

Whoever mandated the .01 transaction fee on a complete whim is a complete and utter moron. We need the fee lowered IMMEDIATELY.

Omg, run for the github repository, make a pull request, if you can't code, pay someone to do it, if you don't feel like it don't use this client.Either way the people who code the client don't owe you shit.

Hmm we need a website called 'what fee will I need' where it looks at the waiting time and calcualtes the fee that you need to pay to get your transaction validated in reasonable time. There should be no artificial limits to what people can set their clients fee to.

Whoever mandated the .01 transaction fee on a complete whim is a complete and utter moron. We need the fee lowered IMMEDIATELY.

Omg, run for the github repository, make a pull request, if you can't code, pay someone to do it, if you don't feel like it don't use this client.Either way the people who code the client don't owe you shit.

It's not in my interest entirely! Not at all! If they care about this project, they would certainly act in its best-interest and lower the fee! It's a matter of survival for the whole paradigm at large! One of the main benefits of Bitcoin is absolutely bastardized by this absurd fee: an adjustable fee subject to market forces from independent nodes. Not all of these nodes are ran by specialized coders.

I'm still trying to understand the fee and when its taken out. (I'm pretty new still).

For instance I sent my friend 1 bitcoin, and he recieved one bitcoin. I was debited 1 bitcoin (no fee from what I could tell)

Someone sent me 50 bitcoins, and I recieved 50 bitcoins. (no fee from what I could tell?)

My question is where does the fee come into play? why wasn't I charged a fee.

As far as the zero's I think people will adapt, we seem to be fine with zeros the other way. like a 15,000,000,000,000 debt ceiling ect.

The fee is based primarily on how much a burden it places on the network, not how many coins you send. When there is a fee it is payed by the sender.

If you had received 100 different payments and then tried to send all your coins at once you would most likely have to pay a fee since your transaction combines together many small amounts. That produces a relatively large amount of data for the block chain compared to most transactions.

If you send the same bitcoins back and forth very often or send very small amounts there is a fee involved to prevent spam.

Hmm we need a website called 'what fee will I need' where it looks at the waiting time and calcualtes the fee that you need to pay to get your transaction validated in reasonable time. There should be no artificial limits to what people can set their clients fee to.

Great idea! Although I do personally believe a minimum tx fee of something more like .0001 would be a reasonable limit on the minimum side.

It's not in my interest entirely! Not at all! If they care about this project, they would certainly act in its best-interest and lower the fee! It's a matter of survival for the whole paradigm at large! One of the main benefits of Bitcoin is absolutely bastardized by this absurd fee: an adjustable fee subject to market forces from independent nodes. Not all of these nodes are ran by specialized coders.

I think this is a very bad decision too.But you just don't call people morons, especially when they give their time for building software you probably use.

I'm still trying to understand the fee and when its taken out. (I'm pretty new still).

For instance I sent my friend 1 bitcoin, and he recieved one bitcoin. I was debited 1 bitcoin (no fee from what I could tell)

Someone sent me 50 bitcoins, and I recieved 50 bitcoins. (no fee from what I could tell?)

My question is where does the fee come into play? why wasn't I charged a fee.

As far as the zero's I think people will adapt, we seem to be fine with zeros the other way. like a 15,000,000,000,000 debt ceiling ect.

The fee is like a 'priority flag' that tells the nodes that are verifying transactions (miners) they should tend to them immediately, in exchange for the fee if they solve the current block. I do agree the fee should be correlated to a sliding window of average price, but that would require some kind of decentralized exchange that could communicate the price, not a single point-of-failure like Mt. Gox (or any other singular exchange).